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Reply: 3.1.1 From: Dale Gatherum-Goss >Does this open up >possibilities for legitimate >tax minimisation >opportunities? Hi! Yes, it does but you would, as always, need to be careful. >Is it possible that a taxpayer >could "save" tax or "defer" >tax ... depending on whether >their profit...

Reply: 2.3.1 From: Dale Gatherum-Goss Hi Tony It is your intention that will matter followed by the facts of your actions. Good, bad or otherwise. Have fun Dale

Reply: 2.2.1.1.1.1.1 From: Dale Gatherum-Goss Hi Trading is a misnomer. If you are in business to make a profit, that profit is taxed. However, if you invest in assets and occasionally cash in your investment, it is the gain that is taxed under separate CGT rules which may, or may not...

Reply: 2.2.1 From: Dale Gatherum-Goss Hi Michael! Believe it or not, there is no easy answer to your question as it will depend upon the forms, processes and contracts used by the wrapper. In most cases though, the wrapper declares income each month when it is received by them and offsets...

Reply: 2.1.1.1.1.2.1.1.1.1.1.2 From: Dale Gatherum-Goss >Basically you are >taxed on your gain regardless >of whether you are trading or >not. One is called CGT and the >other is not. Is this correct? >Are they different amounts or >is is just the column it's put >in at tax time? > >Owen...

Reply: 2.1.1.1.1.2.1.1.1.1 From: Dale Gatherum-Goss Hi Owen! Please see my comments above. The tax will not change regardless of whether you are trading or under the CGT system. Sorry, but, please just consider the tax as another expense of this deal just as you would the legals on the buy...

Reply: 2.1.1.1.1.1.1 From: Dale Gatherum-Goss > >Just thinking as I am a buy >and hold guy but I have found >a place that would be good for >a quick reno and sale but I am >not planning on more. Where >would I stand if I did this? > >Owen > Hi Owen! No, based on what you are saying you...

Reply: 2.1.1.1.1 From: Dale Gatherum-Goss Hi Look at that, I answered the question without even opening my mouth. Talented, huh? Seriously, the answers are correct. There is no "formal" rule and the facts are judged on their merit, as has been explained. Dale

Reply: 2 From: Dale Gatherum-Goss HI Watto! No, traders do not pay CGT on the profits that they make. Whoever told you so must have been mistaken or led astray by someone else. A trader is someone who buys and sells properties for a quick gain and not of the buy and hold variety. Their...